Renovated Residential Income
For Sale
$344,900
915 E STREET NW Unit 1202, Washington, DC 20004
Twelfth-floor residence with private balcony, storage unit, and access to fitness, lounge, and concierge amenities.
Property Size666 SF
Days on Market60
Property Features for 915 E STREET NW Unit 1202
General Information
Standard status
Active
Size
666 SF
Property subtype
Penthouse Unit/Flat/Apartment
Site & Location
Neighborhood
East End
Taxes and HOA fees
Annual Taxes
$3,572
Building Details
Building Size
666 SF
Year Built
2006
Listing Agency:
Coldwell Banker Realty - Washington
Listed By:
Jason R Secrest · License #BR200200548
(703) 650-9436
Source:
Kwcapitalproperties
Added: Sep 2
Changed: Oct 25
Last Checked: Oct 30 at 10:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty - Washington
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Investment Insights
Based on property information with market context.
This residential income property is a renovated twelfth-floor condominium with a one-bedroom, one-bath layout. The interior includes an open living arrangement, a sizable kitchen, a dedicated bedroom with closet space, and an updated bathroom. A private balcony adds outdoor space and city views, while a separately deeded storage unit provides additional ownership utility.
The Artisan was built in 2006 and offers a fitness center, resident lounge, and on-site concierge. Gas, water, and trash are included in the condominium dues. The property is near Capitol One Arena, Chinatown, and two Metro lines in downtown Washington, DC.
The Artisan was built in 2006 and offers a fitness center, resident lounge, and on-site concierge. Gas, water, and trash are included in the condominium dues. The property is near Capitol One Arena, Chinatown, and two Metro lines in downtown Washington, DC.
Key Highlights
- Renovated twelfth‑floor condominium with 1 bedroom and 1 bathroom
- Private balcony with city views
- Separately deeded storage unit included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,066
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$221,320
$221.3K
Cap Rate 7%
$158,086
$158.1K
Cap Rate 9%
$122,956
$123.0K
Market Conditions
NOI Build-Up for 666 SF
Gross rent
$21.2K $31.80/SF
− Vacancy
−$1.1K −$1.59/SF
EGI
$20.1K $30.21/SF
− OpEx
−$9.1K −$13.59/SF
NOI
$11.1K $16.62/SF
Area
Washington, DC
Vacancy
5.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$221,320
Cap Rate 7%
$158,086
Cap Rate 9%
$122,956
Alternative Uses
Best Use
Apartment 5plus
$158.1K
$138.3K – $184.4K
NOI $11,066 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$342.6K
$299.8K – $399.7K
NOI $23,980 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
10,953
Businesses Nearby
Explore this area
Business Placement
Demographics for 20004, DC
1,682
Population
1,593
Households
1.1
Avg Household Size
40
Median Age
95%
College-Educated
100%
High-School Grad
0.2 sq mi
ZIP Area
8,410
Density / Sq Mi
$161,359
Median Household Income
$133,857
Median Earnings
$2,945
Median Rent
$650,700
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Twelfth-floor residence with private balcony, storage unit, and access to fitness, lounge, and concierge amenities.
Where is this residential income property located?
The property is located at 915 E STREET NW Unit 1202 Washington, DC.
What is the asking price?
The asking price for this property is $344,900.
What are key features of this property?
This property features: Renovated twelfth‑floor condominium with 1 bedroom and 1 bathroom; Private balcony with city views; Separately deeded storage unit included
